The US dollar continues to enjoy the confidence of markets, governments, and central banks. But faith in the US dollar is weakening, and many are trying to help the process along.
The British opponents of the Corn Laws rightly understood that tariffs and other restrictions on trade are violations of fundamental natural rights, and that they privilege certain entrenched interests at the expense of everyone else.
Central bankers like Alan Greenspan seem to think central bankers can be trusted to act with restraint. That's a risky plan, especially given that true and reliable constraints could be put on the money supply by adopting commodity money.
